| dc.contributor.author | Chazi, Abdelaziz | |
| dc.contributor.author | Theodossioub, Alexandra | |
| dc.contributor.author | Zantout, Zaher | |
| dc.date.accessioned | 2013-06-05T09:14:03Z | |
| dc.date.available | 2013-06-05T09:14:03Z | |
| dc.date.issued | 2013-06-05 | |
| dc.identifier.uri | http://hdl.handle.net/11073/5876 | |
| dc.description.abstract | We find the form of U.S. corporate cash payout to shareholders often relevant to share price and in different directions at different times. Regularly cash-dividend paying firms have a significant share price premium compared to regularly stock-repurchasing firms in the early 1970s, but this premium exhibits a significant general negative trend and turns into a discount in the mid-to-late 2000s. Also, the premium (discount) is significantly related to the time-series changes in the differential tax burden on dividends and long-term capital gains. It is not related to the excess market return. | en_US |
| dc.language.iso | en_US | en_US |
| dc.publisher | American University of Sharjah | en_US |
| dc.relation.ispartofseries | School of Business Administration Working Paper Series | en_US |
| dc.subject | Form of corporate cash payout | en_US |
| dc.subject | Investors' preference | en_US |
| dc.subject | Taxes | en_US |
| dc.subject | Investors' rationality | en_US |
| dc.title | Investors' Payout-form Preference and Taxes | en_US |
| dc.type | Working Paper | en_US |
